How to Bitcoin #6 – Mining Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how BTC is electronically processed, we call it mining.   Electronically Processing BTC Mining   As mentioned in the introduction, BTC is processed by computing power and recorded in a public ledger (Blockchain) with the help of a network of computers. The processing of BTC transactions is termed ‘mining’. BTC mining rewards people with computer power by generating…

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How to Bitcoin #5 – Ways to Make Money with Bitcoin

NEW ZEALAND – Guest Writer –The fifth in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to make money with BTC.   Buying and Selling A way to make money is to buy BTC/alt-coins at a low value and to sell at a higher value on an Exchange. Selling BTC as mentioned above can be done in any currency. Most large Exchanges allow users to trade back to US dollars. Another method would…

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How to Bitcoin #4 – Storing Bitcoin

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of how to store your Bitcoin.   You can store Bitcoin or altcoins in the following ways:   Paper Wallet Offline Online Encrypted Hardware Device   Each method offers both pros and cons.   A paper-wallet is just that, a special code (address + keys) that is then printed out on a piece of paper. You can load BTC…

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Forbes Journalist Predicts Bitcoin Crash below $ 1000!

In a recent article Chuck Jones, a Forbes contributor, cited his reasons why Bitcoin could fall to below $ 1000.     Here are the reasons listed in the article:   Regulation could have the biggest impact South Korea Japan China U.S. regulation There is no “value” to it Volatility can create nervousness A shakeout is coming ICOs (Initial Coin Offerings) Hacking theft of CCs FOMO or Fear of missing out Bitcoin mining scams Becomes too associated with criminals and rogue states Third parties changing their minds Bitcoin & Blockchain…

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How to Hack Bitcoin

Bitcoin users are quick to point out that Bitcoin cannot be hacked but the sad fact is that millions of dollars worth of bitcoins have been stolen by hackers over the last few years and the problem is on the increase.     Recently $64 Million worth of Bitcoin was stolen from Slovenian mining operation, Nicehash. Full story – https://www.theguardian.com/technology/2017/dec/07/bitcoin-64m-cryptocurrency-stolen-hack-attack-marketplace-nicehash-passwords   What are the most popular ways to hack Bitcoin?     Stealing Private Keys; The first thing to understand is that no one really owns a Bitcoin. The public bitcoin ledger…

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Spectre and Meltdown are going straight for your Private Keys – How safe is your hardware wallet?

The BBC reported today that the tech industry kept the latest threat to our online life secret for six months, hiding behind non-disclosure agreements.     Apparently, there are two bugs, known as Meltdown and Spectre, which exploit security vulnerabilities in Intel, AMD, and ARM processors in all types o devices, including PCs, laptops, tablets, and smartphones.   Meltdown affects all devices with Intel chips, which are estimated to be in 90% of all computers (desktop and laptop combined), the BBC reported. Intel stock price had its own Meltdown today…

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EOT makes Agriculture Smarter

Can EOT make that Apple a day fresher?  Did you know that an Apple can be more than 9 months old when you buy it in a supermarket?  And how do you know the orchard, where the apples are picked, treat their workers fairly? These and many more questions can be answered by what is now called Smart Agriculture.     Let’s see How IoT devices, EOT and Blockchain can help making Agriculture smarter.     Smart Devices measuring the optimum time to pick that apple: The IoT industry is currently producing a…

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An Independent Review of BitVault®, the World’s First blockchain phone

NEW ZEALAND /Guest Writer/2 January 2018 – An Introduction:- The BitVault® Blockchain communicator is a phone that provides secure calls, video calling, messaging, web browsing and storage for some of the most popular cryptocurrencies available on the market.   It uses biometric security with fingerprints and iris scanning with Third Party Independent Multilayer Security (3IMS).  A removable security key also applies extra security.   BitVault® uses the encryption algorithm Scrypt on the Blockchain where each application uses an internal Blockchain that is independent to prevent compromise. In order for this process to…

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EOT, 2018 and Beyond

We are living in a world that is becoming more and more connected and with the advent of devices that are connected to the Internet [IoT] and Artificial Intelligence [AI] – the need for Encryption methods to protect against cyber attacks is growing in importance.   As people, we are connected to the internet constantly, mostly with our phones,  and thus we have already seen development in areas of blockchain encrypted communication with new devices such as the world’s first crypto communicator and blockchain smartphone, the BitVault®.   There are…

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EOT, the Year in Review – 2017

What is EOT?  EOT is a new cryptocurrency started in July 2017. EOT can be used for Peer-2-Peer payments and confirmations are lighting fast with a new block mined every 90 seconds. In addition to the use of EOT as a currency, the main innovation behind EOT, is to use it for the encryption of devices connected to the internet also known as IoT [The Internet of Things]. IoT devices have increasingly become a target for online hacking and security breaches.   Thus the phrase:  IoT needs EOT   Below is…

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